Am I calculate wrong then? At 12 months, you get 4.8% on 8k (minimum amount) will be RM390.4.

Split it out to the 10k amount (390.4/10000) won't it still be effective 3.904% interest rate? Not including the small interest you get on the savings account.

EDIT: Sorry I'm noob, just read 4 pages back.

This post has been edited by LostAndFound: Jan 11 2013, 10:55 AM

^What will happen after 6 months? What will the interest rate be at?

Hong Leong Mach Branch only..

For 10k deposit Ratio 8:2 effective rates 3.32%pa
For 100k deposit Ratio 8:2 effective rates 3.46%pa

Fd to saving ratio not 1:1. It is 2:1

On my way to buy a crystal ball....

Finally try out Bank Rakyat after following this thread for over a year...
Manage to negotiate for 4.11% for a 12-mth tenure FD.
And it will auto renew with 4.11% when matured next year. No hassle for next musical chair...
Interest is crediting to saving acct every month. Can IBG (cost 50sen) via internet banking to other bank to gain higher interest.
Got 0.1% referral fee too by introducing my wife to place FD on the same visit.
Received 5 free goodies: 2x umbrella, 2x calendar and an elegant leather organiser.
Overall it offers a great banking experience.

This post has been edited by tbheng: Jan 11 2013, 10:57 PM

It is an online FD Promotion from now till 7 March 2013, if you are interested here is the site: https://www.machbyhongleongbank.com/promo/mach-fixed-deposit

Yes, I opened the HL Mach FD on their first day launch last Monday. Min 1k.
4% should be the highest interest rate with PIDM protection at the moment.
It is an eFD, no physical certificate, but you can see it in the internet banking.
It has one unique feature as indicated in the brochure "Make partial withdrawals without forfeiting your interest", but before you get excited, make sure you read the fine line at FAQ Page 3
But at least it is an advantage over conventional FD when unforeseen situation happen.
The alternative is to keep all in 1k individually.

This post has been edited by tbheng: Jan 12 2013, 12:56 AM


Attached thumbnail(s)

Can we have FD at bank rakyat if we dun hav a saving acc there?

Sorry for intrusion.......for those above 55 and treating depositing money into EPF as alternative to FD.

Top 26 World’s Largest Sovereign Pension Funds, 2012

Rank Fund Country Total Assets ($mill)
1 Government Pension Investment Fund Japan 1,394,873
2 Government Pension Fund – Global Norway 575,527
3 National Pension Corporation Korea 313,981
4 Central Provident Fund Singapore 159,789
5 Canada Pension Plan Canada 158,669
6 Employees Provident Fund Malaysia 153,890
7 National Social Security Fund China 136,665
8 Government Employees (GEPF) South Africa 112,053
9 National Wealth Fund Russia 86,907
10 Fondo de Reserva de la Seguridad Social Spain 85,250
11 The Future Fund Australia 74,349
12 Employees’ Provident Fund India 57,957
13 Public Institute for Social Security Kuwait 53,867
14 Fonds de Réserve pour les retraites (FRR) France 45,455
15 Labor Pension Fund Taiwan 43,538
16 AP Fonden 3 Sweden 32,000
17 AP Fonden 2 Sweden 30,840
18 AP Fonden 1 Sweden 30,516
19 AP Fonden 4 Sweden 29,994
20 Zilverfond / Fonds de Vieillissement Belgium 23,812
21 National Pensions Reserve Fund Ireland 19,555
22 The State Pension Fund Finland 17,788
23 AP Fonden 7 Sweden 13,987
24 FEFSS Portugal 11,489
25 Fonds de Comp. de la Securite Sociale Luxembourg 11,785
26 The New Zealand Superannuation Fund New Zealand 12,426

Not scared BR collapse meh !

It is highly unlikely for any banks in Malaysia to collapse though. If something goes wrong, most likely it will be taken over by another bank and the bank that took over the failed bank will assume all the liabilities. So basically your deposit is safe.

Oops, i m being sarcastic, nowadays posting on deposit will mention Pidm or non-Pidm really scary for me as i have almost
50% of my funds are deposit there..

This post has been edited by magika: Jan 12 2013, 02:59 PM

Not sure. I open SA for interest crediting and internet banking purposes.

Can no problem

Not big sum lah... x0,000. In Petaling Jaya. But need to really nego lah.

Haha...I try with part of my saving lah... Some goes to HL Mach FD...
Eh, I remember you are the regulars to BR.
I got all the excitement from your posts previously.

Ha..ha.. will be depositing there again next week if no other attractive promotion..

Oh, I see. Thanks for the infos guys!

Looks like I'm a katak under a coconut shell